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Archive for May, 2012

Wilmington council to see public input on budget

Wednesday, May 16th, 2012

The Wilmington City Council will take more time considering a proposed budget

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Development team lays out ballpark project to city council, site still a mystery

Wednesday, May 16th, 2012

WILMINGTON, NC (WWAY) — The private development team looking to bring a ballpark and minor league baseball team to the Port City gave a presentation to Wilmington City Council Tuesday night, laying out the details of development, ownership and costs.

The proposed stadium owners and development team would be Flywheel, LLC and the Trask Land Company,Inc. Both Mandalay Baseball Properties and the Atlanta Braves would co-own the team. The city would end up getting a share of the revenues from Flywheel/Trask, which would include sales and consumption taxes.

“Also the flow of property taxes on the facility that would be on the private payrolls and part of the revenues put towards the city of Wilmington,” said Chet Roach, of Brailsford & Dunlavey.

The ballpark is projected to cost between $33 million and $36 million, not including the cost of land. The development team suggested taking out a 30-year loan, paying for about one third of the debt. The city would then be obligated to pay off the rest.

The economic impact from the ballpark is an estimated $62.7 million dollars and more than 600 jobs.

“The concessionaire specifically will spend $1.5 million with other local businesses on supplies, goods, services,” Roach says. “It’s a direct connection into the community.”

The ballpark site, however, is being kept hush-hush.

“As a lot of those negotiations are ongoing, the owners council has just advised us to keep those details confidential at this point,” Roach says.

Following the presentation, council members didn’t have any questions and only a few comments were made by Laura Padgett and Kevin 0’Grady.

National Sports Services, the company hired as a consultant by the city, will be reviewing the proposal. Wilmington City Council is expected to vote June 19 on how to move forward

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City council votes to add monkey junction to Land Use Plan

Wednesday, May 16th, 2012

WILMINGTON, NC (WWAY) — Wilmington city council also voted in favor of amending the city’s Future Land Use Plan to include the now-annexed Monkey Junction.

The plan maps out which areas are designated residential and non-residential. No significant zoning changes were made.

The newly-annexed area has been receiving city services since last month.

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City Council to consider $86 milllion budget, includes employee pay raise

Wednesday, May 16th, 2012

WILMINGTON, NC (WWAY) — During Tuesday night’s meeting, Wilmington City Council members heard a presentation for the recommended $86.3 million general fund budget, which is $1 million more than last year’s adopted budget.

The budget director is recommending a 3-cent tax increase, from 42 cents to 45 cents. The extra money would go towards a 5 year CIP, adding up to $41 million. It would help fund various public improvement projects, including streets, parks & recreation, and public facilities.

The budget also calls for a two percent pay increase for all city employees, with one percent deferred compensation at midyear.

City council will hold work sessions on the budget both on June 4 and June 6, with a public hearing in between on June 5th. The budget must be adopted by June 30th.

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Music festival benefits home of nonprofit

Wednesday, May 16th, 2012

For a musician, planning a music festival is a bit like a master chef planning a dinner party – there are so many tempting choices!

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